231 E Shore Drive Unit 4, Key West, FL 33040
Property image
Property image
PENDING
NEW CONSTRUCTION
3D VIEW
3.34 ACRES

$4,375,000

  • 5 Beds
  • 5.5 Baths
  • 4,103 sqft (on 3.34 acres)

231 E Shore Drive Unit 4, Key West, FL 33040

Est. Mortgage $27,134/mo*
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Home Highlights

Single-Family Home
Built in 2025
3.34 acre lot
$1,066/sqft
2 Carport Spaces
HOA $1,391/mo

Local Information

  • Map ViewExplore the area around 231 E Shore Drive Unit 4.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Introducing Seven Palms Cove, a one-of-a-kind new construction community that redefines luxury island living. With only seven exclusive residences available—each starting at $4 million—this private enclave offers a rare opportunity to own a slice of paradise just minutes from the heart of Key West.

Each state-of-the-art home spans over 4,000 square feet and features 5 spacious bedrooms, 5.5 elegantly designed bathrooms, open balconies, and your own private rooftop terrace with sweeping water views. Built with impact glass throughout and outfitted with top-of-the-line appliances and finishes, these homes offer modern sophistication at every turn. Step outside to your own sparkling infinity-edge pool positioned right on the water, and enjoy direct access to the sea from your assigned dock space in a private boat basinperfect for boating enthusiasts.

This gated, oceanfront community is ideally located just a block from a private airport that accommodates small aircraft, adding a level of convenience few properties can match. You'll also enjoy resort-style amenities, including on-site pickleball courts and a serene waterfront atmosphereall while being just a short drive to the shops, restaurants, and attractions of Key West.

For investors, Seven Palms Cove is an absolute dream. There are no rental restrictions, and similar properties just across the street are bringing in over $300,000 in annual income. Whether you're looking for a luxury vacation home or a high-performing investment property with incredible short-term rental potential, this community offers unmatched flexibility and return potential.

Whether you're searching for a forever home, a tropical getaway, or a high-yield asset in the Keys, Seven Palms Cove delivers the perfect blend of comfort, exclusivity, and opportunity.

Call us today for pricing details and to schedule your private tour of this exceptional waterfront retreat.
Last check for updates: about 17 hours ago
Listing courtesy of Stephanie Marinucci, (551) 427-9492
Serhant
Charles Christian Prakas, (561) 929-7999
Serhant
Originating MLS: BeachesMLS
Source: BeachesMLS, MLS#R11113466
Also Listed on BeachesMLS.

Home Details for 231 E Shore Drive Unit 4

Interior Features

Interior Details
Number of Rooms: 4Types of Rooms: Master Bedroom, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 5Main Level Bedrooms: 1Number of Bathrooms: 6Number of Bathrooms (full): 5Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 4103 Square Feet
Appliances & Utilities
Utilities: Sewer Available, Water AvailableAppliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, WasherDishwasherDisposalDryerLaundry: Inside,Laundry ClosetMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Central,Natural Gas,OtherHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Central
Fireplace & Spa
Spa: Heated, In GroundHas a Spa
Windows, Doors, Floors & Walls
Flooring: Other, Wood
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoElevatorFloors: Other, Wood
View
Has a ViewView: Ocean
Security
Security: Gated Community, Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Deck, Open, Porch, BalconyExterior: Balcony, Outdoor Living AreaHas a Private Pool
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2Other Parking: CarportSpaces:2.00Has a CarportNo GarageParking Spaces: 2Parking: Attached Carport,Covered
Pool
Pool: In GroundPool
Frontage
WaterfrontWaterfront: Ocean AccessOn Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 176Days on Market: 180+

Property Information

Year Built
Year Built: 2025
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Other
Building
Construction Materials: BlockIs a New Construction
Property Information
Condition: New ConstructionParcel Number: 00200610000000

Price & Status

Price
List Price: $4,375,000Price Per Sqft: $1,066
Status Change & Dates
Off Market Date: Thu Jan 29 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Pending

Location

Direction & Address
City: Key WestCommunity: The Seven Palms - A Key West Oasis
School Information
Elementary School: SugarloafJr High / Middle School: SugarloafHigh School: Key West

Agent Information

Listing Agent
Listing ID: R11113466

Building

Building Area
Building Area: 6514 Square Feet

Community

Community Features: Home Owners Association, Boat Facilities, Gated, Street LightsNot Senior CommunityUnits in Building: 7

HOA

Association for this Listing: BeachesMLSHas an HOAHOA Fee: $1,391/Monthly

Lot Information

Lot Area: 3.3448 Acres

Offer

Contingencies: NoneListing Terms: Cash, Conventional

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

Mls Number: R11113466Living Area Range Units: Square FeetWater ViewWater View: OceanAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-12087-N-00200610000000-R-N

Additional Information

HOA Amenities: Bike Storage,Boating,Elevator(s),PickleballDays On Market Replication: 176

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Summerland Key

At least 14 Trulia users voted on each feature.
  • 82 % Say it's dog friendly

  • 82 % Say yards are well-kept

  • 79 % Say people would walk alone at night

  • 78 % Say car is needed

  • 76 % Say parking is easy

  • 71 % Say it's quiet

  • 70 % Say there's holiday spirit

  • 59 % Say neighbors are friendly

  • 58 % Say they plan to stay for at least 5 years

  • 58 % Say it's walkable to restaurants

  • 47 % Say there are community events

  • 44 % Say there's wildlife

  • 29 % Say kids play outside

  • 15 % Say it's walkable to grocery stores

  • 14 % Say streets are well-lit

  • 11 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Kristyharvey13
    "Very safe feel day to day. Small schools and class sizes. Lots of outdoor activities to do together "
  • Wesley.seefried
    "Not a lot of places to actually walk your dog out here a lot of rocks not grass a lot of private property"
  • Donna Pezzi
    "This is a superb community - the people who live here take great pride in their homes and canals. Phenomenal boating - snorkel at Looe Key, lobster in the Gulf, or fish on the reef. Great area for walking or paddle boarding."
  • Trulia User
    "Great neighborhood, very peaceful and quite. Fishing and diving paradise. Close to all the Key West fun! "
  • b4194
    "Outstanding Views of the Atlantic. Wonderful SUNSETS !"
  • Nate M.
    "I'm a Realtor in Sugarloaf and have lived here since 1995. I've raised 2 children here, and the schools are absolutely fantastic! Sugarloaf is the perfect place to live - offering outstanding boating, fishing, diving, etc., miles of walking paths, surrounded by ocean and nature, yet just a quick hop to the fun and excitement of Key West."
  • Jerry L.
    "near key west, but far enough away for peace and quiet. Great waterfront life!"
  • Robert K.
    "There are a few areas in the Keys in the entire Keys chain which have that private resort feel. Summerland Key is one of those Keys! Has restaurants, grocery store, gas stations, marinas, post office, hardware stores, wine store, etc... All the essentials!"
  • Jerry L.
    "right on Cudjoe Bay, perfect for boating, paddleboarding, sailing, etc"
  • Wkinseyii
    "I used to live on Cudjoe Key. It was by far the safest, most friendly place I have ever lived. Fantastic location with plenty to do."
  • billberit
    "A well organized comunity"

Market trends in Summerland Key

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
104
3
MoM

Home Value

Trulia Estimate
$4.89M
Since last month
Increased$233K (+4.9%)
Since last year
Increased$1M (+31.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +31% in the last 10 years
MonthEstimated value
2026
August 2026$4.96M
August 2026$4.89M
July 2026$4.72M
February 2026$4.12M
January 2026$4.12M
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.01
Single-Family Home
$4,325,000
05/27/26
5
5.5
4,103
0.24
Single-Family Home
$4,330,000
07/10/26
5
5.5
4,103
0.24
Single-Family Home
$4,275,000
03/04/26
5
5.5
4,103
0.08
Single-Family Home
$4,325,000
05/28/26
5
5.5
3,119
0.08
Single-Family Home
$4,275,000
03/04/26
5
5.5
3,119
0.08
Single-Family Home
$4,330,000
07/15/26
5
5.5
3,119
0.62
Single-Family Home
$3,300,000
12/01/25
7
5
4,531
0.92
Single-Family Home
$5,003,500
01/05/26
5
5
3,952
0.46
Single-Family Home
$2,495,000
03/02/26
4
3.5
2,416

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.01
$4,325,000
5
5.5
4,103
Recently Sold
0.08
$4,325,000
5
5.5
3,119
Recently Sold
0.08
$4,275,000
5
5.5
3,119
Recently Sold
0.08
$4,330,000
5
5.5
3,119
Recently Sold
0.08
$4,400,000
5
5.5
3,119
For Sale
0.08
$4,250,000
5
5.5
4,103
For Sale
0.18
$3,497,200
5
5
3,877
Off Market
0.18
-
-
-
-
Off Market
0.18
$3,100,000
2
3
1,819
For Sale
0.25
$837,600
4
3
1,600
Off Market
0.26
-
-
-
-
Off Market
0.24
$4,330,000
5
5.5
4,103
Recently Sold

Price and Tax history

DateEventPrice
Jan 29, 2026
Source: BeachesMLS #RX-11113466
Pending
$4,375,000
Jan 27, 2026
Source: BeachesMLS #RX-11113466
PriceChange
$4,375,000
Price increased by 9%
Aug 6, 2025
Source: BeachesMLS #RX-11113466
Listed For Sale
$4,000,000

LGBTQ Local Legal Protections

Stephanie Marinucci, Serhant
Agent Phone: (551) 427-9492
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Frequently asked questions about 231 E Shore Drive Unit 4

  • What is the estimated monthly payment for 231 E Shore Drive Unit 4?
    Based on a $4,375,000 list price with 20% down at today's rates, the estimated monthly payment for 231 E Shore Drive Unit 4 in Key West, FL is approximately $26,107 (about $23,042 principal & interest, $2,990 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Key West?
    Residents describe Key West, FL as dog-friendly, well-kept, and easy to park in. Most residents say you need a car. See homes for sale in Key West, FL.
  • What are the closest schools to 231 E Shore Drive Unit 4?
    The closest schools to 231 E Shore Drive Unit 4 in Key West, FL are Key West High School (rated 4/10), Sugarloaf School (Pre-K/Elementary/Middle, rated 6/10).
  • What is 231 E Shore Drive Unit 4 estimated to be worth?
    Trulia's estimated value for 231 E Shore Drive Unit 4 in Key West, FL is $4,890,100.
  • Does 231 E Shore Drive Unit 4 have air conditioning?
    Yes, 231 E Shore Drive Unit 4 in Key West, FL has air conditioning.
  • Does 231 E Shore Drive Unit 4 have a pool?
    Yes, 231 E Shore Drive Unit 4 in Key West, FL has a pool.
231 E Shore Drive Unit 4, Key West, FL 33040 is a 5 bedroom, 6 bathroom, 4,103 sqft single-family home built in 2025. This property is currently available for sale and was listed by BeachesMLS on Aug 6, 2025. The MLS # for this home is MLS# R11113466.